I purchased an RV in Arizona for $12,900 in 2018. I then paid rental fees on the lot. I finally sold my home in Ithaca NY in 2020 and moved to Arizona in March of 2020. Can I deduct the purchase and lot rent as moving expenses on my 2020 tax return?
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The moving expenses deduction was suspended for tax years 2018-2025. The deduction is only available to active duty military moving due to military orders.
Here is a link with more information.
If you were still able to deduct, only the expenses for lodging during the travel/move would be eligible.
Of note, the RV is a second home and interest paid on the loan could be an itemized deduction for mortgage interest.
The moving expenses deduction was suspended for tax years 2018-2025. The deduction is only available to active duty military moving due to military orders.
Here is a link with more information.
If you were still able to deduct, only the expenses for lodging during the travel/move would be eligible.
Of note, the RV is a second home and interest paid on the loan could be an itemized deduction for mortgage interest.
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